Boston Partners Increases Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Boston Partners raised its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 66.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,434,288 shares of the company’s stock after purchasing an additional 2,159,958 shares during the period. Boston Partners owned 2.86% of WillScot Mobile Mini worth $251,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James & Associates raised its position in shares of WillScot Mobile Mini by 13.9% in the fourth quarter. Raymond James & Associates now owns 134,374 shares of the company’s stock valued at $5,980,000 after buying an additional 16,442 shares during the last quarter. Assenagon Asset Management S.A. increased its position in WillScot Mobile Mini by 252.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock worth $2,912,000 after purchasing an additional 46,866 shares during the last quarter. PFG Advisors acquired a new position in WillScot Mobile Mini during the fourth quarter worth approximately $206,000. Trust Point Inc. acquired a new position in WillScot Mobile Mini during the fourth quarter worth approximately $1,017,000. Finally, Asset Management One Co. Ltd. increased its position in WillScot Mobile Mini by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 87,767 shares of the company’s stock worth $3,944,000 after purchasing an additional 2,166 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WSC shares. Robert W. Baird dropped their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus cut their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday. Bank of America cut their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday. Finally, DA Davidson cut their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.20.

WillScot Mobile Mini Stock Down 10.8 %

WSC traded down $4.31 during trading hours on Friday, reaching $35.50. 6,341,824 shares of the stock traded hands, compared to its average volume of 2,409,687. The firm’s fifty day simple moving average is $38.89 and its two-hundred day simple moving average is $42.32. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.14 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 23.82%. WillScot Mobile Mini’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. As a group, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $38.44 per share, with a total value of $192,200.00. Following the acquisition, the chief executive officer now directly owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.